Decision Making

MANAGEMENT CONCEPTS

MBA – 1.1

PAPER 1.1: MANAGEMENT CONCEPTS

UNIT I

Management: Definition - Nature - Scope and functions - Evolution of management thought - Relevance of management to different types of organizations like Insurance, Hospitals, Universities, Hotels, Social Service organizations etc.

UNIT II

Planning: Nature, importance and strategic considerations in planning. Planning premises - Components of planning as objectives, policies, strategies, procedures, methods, rules, projects and budgets - Making plans effective Planning and decision-making.

UNIT III

Organizing Nature, purpose and kinds of organization - Structure Principles and theories of organization - Departmentation - Span of control --_ Line and staff functions - Authority and responsibility - Centralisation and decentralisation - Delegation of authority - Committees - Informal! organisation.

UNIT IV

Staffing and Directing: General principles, importance and

Techniques.

UNIT V

Controlling Objectives and process of control - Devices of control Integrated control - Special control techniques - Coordination - Need and techniques.

UNIT VI

Recent trends and new perspectives in management - Strategic alliances Core competence - Business process reengineering - Total quality management - Bench marking.

REFERENCES:

1. Stoner, et-al, Management, Prentice Hall.

2. Koontz and O’Donnell, Management: A Systems Approach, Tata McGraw Hill.

3. Weihrich and Koontz, Jiollagel7lent: A Global Perspective, McGraw Hill.

4. John Argenti, Management Techniques: A Practical Guide,

5. Gene Burton and Manab Thakur, Management Today: Principles and Practice, Tata McGraw Hill.

6. Griffin, Management.

Course Material! Prepared by – Dr. G. Jayabal

Senior Lecturer in Management Alagappa University, Karaikudi.

LESSON – 1

NATURE AND PROCESS OF MANAGEMENT

Introduction:

Management is universal in the modern industrial world. Modem societies...